Press Releases

Chip Offerings from Newly Launched Company Focus on Power Line Communications for Smart Grid

Singapore, August 10, 2010 - Having just installed a new management team with a vision that is directed towards fueling the 'green tech' movement, Semitech Semiconductor, a provider of power line communications solutions that enable the transformation of the electricity grid into a smart grid, is preparing to broaden its market scope with new products, distribution and partnerships.

Although newly launched in Singapore, the technology behind Semitech was originally developed by an innovative group based in Australia. For 10 years, the technology behind the company that is now Semitech has been quietly conquering communications challenges and being developed into a line of innovative semiconductors. In particular, the chips are specifically designed to operate in noisy power line environments - and have already been successfully trialed and installed in smart grid applications worldwide with a high degree of interoperability.

Due to harsh noise and variations in equipment and standards, communications over the power grid are difficult. Through a proprietary and flexible technology design, Semitech chips are able to reliably operate in this challenging environment and successfully interoperate with previously installed equipment. The company has enlisted an experienced team of industry veterans to make Semitech's chips accessible to the market at large. Matt Rhodes, CEO for Semitech, previously led the creation and growth of a power line communications business as president of Conexant (NASDAQ: CNXT), a leading communications semiconductor company. Rhodes was seminal in the development of the HomePlug Alliance, which developed the standard for intra-home high bandwidth power line communications.

"We are taking Semitech's industry proven power line communications solutions to the next level at an ideal time to meet the growth needs of the smart grid market," Rhodes noted. "With the recent proliferation of smart grid devices and move towards more efficient resource utilization in general - including water, electricity, industrial/building management, street light control, and power distribution - we feel that Semitech is perfectly positioned to connect all of these devices to more effectively manage the world's resources."

Rounding out Semitech's management team are Michael Holt, vice president of marketing and sales, and Zeev Collin, vice president of engineering. Holt has held senior-level product line management roles at Texas Instruments and has served as CEO of two semiconductor startup companies. Collin formerly led the development and growth of ADSL and soft modems for the PC at Conexant. Both Holt and Collin have more than 25 years of experience in the semiconductor industry.

Semitech Semiconductor is headquartered in Singapore, and has a design center in Melbourne, Australia. For more information, visit www.semitechsemi.com

About Semitech Semiconductor Pte. Ltd.Semitech Semiconductor, headquartered in Singapore, provides the semiconductor devices that enable the transformation of the electricity grid into a smart grid. By connecting utilities to their customers, Semitech's chips help to transform homes into energy-aware "smart homes" that react to conditions on the grid, thus implementing a worldwide communications network based on the existing power grid.

Semitech's devices are used in smart meters, smart grid monitors and street light controllers to implement a connected system that is significantly more reliable and flexible than existing approaches - and interoperates well with prior deployments.